>> we've seen republicans willing to strap the bomb to their chest and blow up the entire environment. we saw that in october of '08 when the markets caved and we needed the t.a.r.p. reform. we saw it in july of 2011. i think they realized they have no leverage in this case. so i think it's different. and i think the key thing here to the point about slow walking the caucus, it also goes to the idea that to the victor goes though spoils. it is only at the end of the day going to show him and the republicans to be weaker and to have less leverage which giving obama more leverage on two things to your question. one is the debt ceiling extension issue which is the point that the president has made. he's not going to allow the republicans to hold this economy hostage. and another round of debt ceiling negotiations. i think he has to hold firm on that. the other thing i think the president has to hold firm on is getting stimulus in this plan. to jared's point, republicans have been making all the arguments if you cut too much you're going to hurt the economy. that's what the democrats said